What Does Consideration Clause Mean?

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What does Consideration Clause mean? Read on to discover the definition & meaning of the term Consideration Clause - to help you better understand the language used in insurance policies.

Consideration Clause

Consideration Clause

The part of an insurance contract setting forth the amount of initial and renewal premiums and frequency of future payments.

We hope the you have a better understanding of the meaning of Consideration Clause.

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